TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0216%/8h= +23.7% APRnext payment +$1.08 per $10,000 · paid last 24h −0.010%

Price spread now: edgeX against Bybit+0.099%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$540.542% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 4 days (all we have)+0.049%+$5 · spread now +0.099%, 7d avg 0.000%

Together, before fees−0.009%+ Points / potential airdropedgeX: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and edgeX is 0.100% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of 0.000%. Mind the row above: over the last 7 days funding on this pair cost −0.058%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.058% in total (about -3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.08 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TRUMPUSDT	2.1440	−0.0377	get 0.0189% / 4h	1h 45m	$31.3M	$48.5M	50x
Short	edgeX TRUMPUSDC	2.1461	−0.0161	pay 0.0080% / 4h	1h 45m	$105K	$254K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee edgeXbpOrdersPrice spread, now +0.099%Rate

Funding earned: $45.44
Price spread: +0.099% → 0.000%: $9.96
Slippage, 4 orders: −$34.17
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $1.24
Costs to cover: 0.542%
Break-even: 6.8 days

Slippage from Bybit: live order book, 2 min ago; edgeX: live order book, 65 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 2 min ago	2.33 bp	8.8 bp −$9	17.5 bp −$175	104.3 bp −$10.4K	doesn't fit
Sell edgeX live order book, 65 min ago	9.32 bp	17.0 bp −$17	43.1 bp −$431	doesn't fit	doesn't fit

TRUMP on 32 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRUMP	−0.0413%	4h	2.1460	+0.091%	$668K	$399K	—	as long as short
Bybit TRUMPUSDTlong	−0.0377%	4h	2.1440	long leg	$31.3M	$48.5M	50x
SoDEX TRUMP-USD	−0.0366%	1h	2.1435	−0.023%	$75	$6K	5x	as long as short
OKX TRUMP-USDT-SWAP	−0.0349%	4h	2.1420	−0.093%	$27.3M	$172.3M	50x	as long as short
Binance TRUMPUSDT	−0.0323%	4h	2.1437	−0.016%	$62.9M	$237.6M	75x	as long as short
Extended TRUMP-USD	−0.0320%	1h	2.1418	−0.103%	$74K	$491K	25x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0309%	1h	2.1451	+0.051%	$385K	$78K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0296%	1h	2.1420	−0.093%	$131K	$514K	50x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1430	−0.048%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0242%	4h	2.1450	+0.047%	$7.8M	$47.2M	75x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0182%	8h	2.1439	−0.004%	$5K	$175	5x	as long as short
edgeX TRUMPUSDCshort	−0.0161%	4h	2.1461	+0.099%	$105K	$254K	20x
MEXC TRUMP_USDC	−0.0160%	4h	2.1430	−0.047%	$388K	$142K	125x	as long as short
Lighter TRUMP	−0.0136%	1h	2.1439	−0.005%	$922K	$955K	10x	as long as short
KuCoin TRUMPUSDTM	−0.0130%	4h	2.1440	0.000%	$4.2M	$10.1M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0083%	4h	2.1430	−0.047%	$5K	$303K	10x	as long as short
BloFin TRUMP-USDT	−0.0081%	4h	2.1450	+0.047%	$4.3M	$675K	75x	as long as short
Bitget TRUMPUSDT	−0.0030%	4h	2.1440	0.000%	$15.3M	$25.0M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1455	+0.068%	$25K	$3K	5x	as long as short
Aevo TRUMP-PERP	0.0000%	1h	2.1429	−0.051%	$19K	—	3x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1461	+0.096%	$40K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0023%	1h	2.1471	+0.142%	$1.3M	$1.9M	50x	as long as short
Injective TRUMP/USDC PERP	+0.0033%	1h	2.1600	+0.746%	$13K	$157K	12x	as long as short
GRVT TRUMP_USDT_Perp	+0.0034%	4h	2.1477	+0.174%	$185K	$4.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1457	+0.079%	$13.6M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1450	+0.047%	$404K	$644K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1444	+0.019%	$184K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1460	+0.093%	$2K	$1.4M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1470	+0.140%	$497K	$2.4M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1460	+0.093%	$151K	$362K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0178%	1h	2.1476	+0.168%	$381K	$394K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0197% / S −0.0194%	1h	2.1456	+0.077%	$11K	—	100x	as long as short